Ashton Thomas Private Wealth LLC Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Ashton Thomas Private Wealth LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 39.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,167 shares of the conglomerate’s stock after selling 11,267 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Honeywell International were worth $3,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Cypress Wealth Services LLC boosted its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the last quarter. Bard Financial Services Inc. boosted its stake in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after buying an additional 50 shares during the last quarter. Quent Capital LLC grew its holdings in Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after buying an additional 51 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Honeywell International by 3.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after acquiring an additional 54 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Honeywell International by 3.7% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,535 shares of the conglomerate’s stock worth $322,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.5 %

Shares of NASDAQ:HON opened at $201.16 on Tuesday. The firm has a market capitalization of $130.69 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The business has a 50 day simple moving average of $206.21 and a two-hundred day simple moving average of $203.19. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 EPS. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HON. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company lowered their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $223.13.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.